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I am wondering about S Corp taxation for state purposes. We
Hello! I am wondering about S Corp taxation for state purposes. We have an S Corp in California which we merged into a North Carolina S Corp to effectively move it over to a new state as a Type F reor… read more
PDtax
PDtax
Owner
Master's Degree
4,797 satisfied customers
Our CPA has done something we're not sure we understand. So,
Our CPA has done something we're not sure we understand. So, an LLC exists in Oregon running business there, generating income. A California S Corp, meanwhile, is a member of the Oregon LLC. So, taxes… read more
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Carter McBride
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You had helped us out answering a question about Corporation
Hi! You had helped us out answering a question about Corporation we are moving out of California (CA) to North Carolina (NC). After research and consulting around, we decided to do a Type F reorganiza… read more
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Do we need to file taxes for this corporation? We formed a
Do we need to file taxes for this corporation ? We formed a corporation in North Carolina in December 2018 with the intention to merge a California Corp into it via a Type F reorganization. The merger… read more
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Tax law question. I had a business law attorney help with
Tax law question.I had a business law attorney help with merging a California S Corp into a North Carolina corporation in order to effect a Type F reorganization. Essentially, as I understand it, this… read more
taxmanrog
taxmanrog
Master's Degree
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We did a Type F reorganization of a CA S Corp into a North
We did a Type F reorganization of a CA S Corp into a North Carolina Corp. This was effected through a merger agreement.My question is about the tax return filing. This merger happened this year (2019)… read more
taxmanrog
taxmanrog
Master's Degree
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Can I move my S Corp to another state by merging it into
Can I move my S Corp to another state by merging it into another newly formed corp in the new state? I'm trying to qualify as an F Type Reorganization for tax purposes. My understanding is that it sho… read more
Dr. Fiona Chen
Dr. Fiona Chen
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I have a transfer of tax loss question. A shareholder of an
I have a transfer of tax loss question. A shareholder of an S Corp has recently died. Over the years they invested money into the S Corp secured by notes--essentially the S Corps owes them a significa… read more
Dr. Fiona Chen
Dr. Fiona Chen
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Ph.D.
4,526 satisfied customers
I want to transfer an "S" Corp from California to North
I want to transfer an "S" Corp from California to North Carolina and I am planning on doing it by merging the CA Corp into the NC Corp as a Type F Reorganization for tax purposes. From what I understa… read more
taxmanrog
taxmanrog
Master's Degree
1,804 satisfied customers
Transfer of tax loss carry over question. A shareholder of
Transfer of tax loss carry over question. A shareholder of an S Corp has recently died. Over the years he and his wife invested money into the S Corp secured by notes--essentially the S Corps owes the… read more
PDtax
PDtax
Owner
Master's Degree
4,797 satisfied customers
Will transferring the shares of an "S" Corp to late
Will transferring the shares of an "S" Corp to late shareholder's wife mean the cancelling out of deductible losses the shareholder had been carrying over for tax purposes? Here's the scenario: husban… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,665 satisfied customers
What happens to NOL when shares of an "S" Corp are
What happens to NOL when shares of an "S" Corp are transferred or sold? My understanding is that "S" Corp loss passes through directly to the shareholder (since "S" Corp is a pass through entity), but… read more
Carter McBride
Carter McBride
LLM
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I want to essentially move an "S" Corp over to a new state
I want to essentially move an "S" Corp over to a new state by doing a Type F Reorganization. My concern has to do with taxes. As I understand it, the liabilities, assets, the tax status, etc. everythi… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
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I am trying to transfer an "S" Corp out of California to
I am trying to transfer an "S" Corp out of California to North Carolina. It has no assets, except loans which are due to the company from other companies which were invested in. It also has substantia… read more
taxmanrog
taxmanrog
Master's Degree
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I am in North Carolina, and my small business is a chapter S
I am in North Carolina, and my small business is a chapter S corporation. I pay myself as the owner via a dividend, and file a schedule K1 for my taxes each year. I am getting ready to retire (and wil… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,665 satisfied customers
Husband owns 100% of S-corp and he wants his wife to join it
Husband owns 100% of S-corp and he wants his wife to join it and share it with him 50/50% . Can she become S-corp 50% owner without paying monetary consideration. Is her beginning shareholder basis wi… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,736 satisfied customers
I have a couple of tax questions. Question #1: Married
I have a couple of tax questions. Question #1: Married couple who is going thru a divorce. A settlement has been agreed upon. Part of the divorce settlement is stated as follows: "Husband owns a C-Cor… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,736 satisfied customers
An individual started an S Corp in registered in Florida. He
An individual started an S Corp in registered in Florida. He has since moved to North Carolina and does business in North Carolina. In filing his tax return he used a North Carolina address for his S … read more
Wallstreet Esq.
Wallstreet Esq.
Tax Attorney
Doctoral Degree
586 satisfied customers
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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